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05-12-2017, 04:48 PM
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"(Reuters Breakingviews) - China's dealmakers edged out their U.S. counterparts in their first round of trade talks. U.S. beef producers and financial firms will get more access to Chinese markets in exchange for chicken imports and a potential opening for Chinese banks. It’s a good start but Beijing didn’t give up much.
President Donald Trump's administration, eager for a win amid a furor over his firing of the FBI chief, was quick to crow about trade concessions wrangled from the People's Republic of China. The deal is part of a 100-day plan hashed out when Trump met Chinese President Xi Jinping in April.
American enterprises like Visa and Mastercard will get access to the Chinese market and two banks will get bond underwriting licenses. "I have a new boss who's very demanding that things get done on time,” Commerce Secretary Wilbur Ross told CNBC. “So I'm quite relieved that we had tangible achievements.”
China's dealmakers edge out Trump in first round
| Reuters
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